BAUNAT GROUP: what changed
Two financial years side by side, explained: what moved most in the balance sheet and the result, why the result rose or fell, and where the money went.
What changed
BAUNAT GROUP
NACE 47.120, Other non-specialised retail sale
financial year 2025 compared with 2024filed annual accounts (NBB)
Net result for the year
-€1.4m
2024 · -€2.4m+€1.0m
Equity
€4.2m
2024 · €5.5m-€1.4m
Cash
€2.6m
2024 · €1.4m+€1.2m
Balance sheet total
€9.9m
2024 · €9.0m+€852,309
Largest movements
Assets
- Cash +€1.2m
up €1.2m (+89.3%), from €1.4m to €2.6m
mainly Debts after one year (+€3.0m) and Depreciation (+€506,923)
- Stocks and contracts -€324,326
down €324,326 (-8.1%), from €4.0m to €3.7m
Equity and liabilities
- Debts after one year +€3.0m
up €3.0m (+5,454%), from €54,492 to €3.0m
- Profit (loss) carried forward -€1.4m
down €1.4m (-6.1%), from -€22.7m to -€24.0m
- Other debts -€1.3m
down €1.3m (-100.0%), from €1.3m to €95
- Trade debts +€501,212
up €501,212 (+29.5%), from €1.7m to €2.2m
Income statement
- Turnover +€763,928
up €763,928 (+7.9%), from €9.7m to €10.5m
- Services and other goods -€483,068
down €483,068 (-9.2%), from €5.2m to €4.8m
- Financial charges +€240,033
up €240,033 (+46.8%), from €512,864 to €752,896
of which Financial charges: +€240,016
From the 2024 result to the 2025 result
Each bar is the change in one income-statement line, as its effect on the result: higher costs pull it down, higher income lifts it.
Result 2024
-€2.4m
Turnover
+€763,928
Other operating income
+€48,615
Goods and materials
-€69,929
Services and other goods
+€483,068
Staff costs
+€62,141
Depreciation
-€35,956
Write-downs
+€1,956
Other operating charges
+€7,922
Financial income
+€18,483
Financial charges
-€240,033
Taxes
+€973
Result 2025
-€1.4m
raises the resultlowers the result
Derived cash bridge
Derived from the 2024 and 2025 balance sheets and the 2025 result: not a filed cash-flow statement. It shows where the money came from and went.
From operations
-€1.3m
Investment
-€473,873
Financing
+€3.0m
Cash 2024
€1.4m
From operations (derived)
-€1.3m
Net result for the year
-€1.4m
Depreciation
+€506,923
Stocks and contracts
+€324,326
Receivables within one year
-€1,339
Deferred charges and accrued income
+€22,289
Trade debts
+€501,212
Tax, wage and social debts
-€45,085
Other debts
-€1.3m
Accrued charges and deferred income
+€73,750
Investment (derived)
-€473,873
Investment in fixed assets (net)
-€473,873
Financing
+€3.0m
Debts after one year
+€3.0m
Current portion of long-term debt
+€721
Cash 2025
€2.6m
brings cash intakes cash out
Every line side by side
| Line | Code | 2024 | 2025 | Change | % |
|---|---|---|---|---|---|
| Total assets | 20/58 | €9,032,519 | €9,884,827 | +€852,309 | +9.4% |
| Fixed assets | 21/28 | €2,955,858 | €2,922,808 | -€33,050 | -1.1% |
| Intangible fixed assets | 21 | €692,700 | €619,870 | -€72,830 | -10.5% |
| Tangible fixed assets | 22/27 | €483,366 | €441,206 | -€42,160 | -8.7% |
| Land and buildings | 22 | €242,332 | €227,365 | -€14,967 | -6.2% |
| Plant, machinery and equipment | 23 | €46,969 | €37,459 | -€9,510 | -20.2% |
| Furniture and vehicles | 24 | €15,532 | €10,778 | -€4,754 | -30.6% |
| Other tangible fixed assets | 26 | €178,533 | €165,604 | -€12,929 | -7.2% |
| Financial fixed assets | 28 | €1,779,792 | €1,861,731 | +€81,939 | +4.6% |
| Affiliated companies | 280/1 | €1,714,308 | €1,814,035 | +€99,727 | +5.8% |
| Participating interests | 280 | €1,126,815 | €1,226,815 | +€100,000 | +8.9% |
| Amounts receivable | 281 | €587,494 | €587,220 | -€273 | 0.0% |
| Other financial fixed assets | 284/8 | €65,483 | €47,696 | -€17,787 | -27.2% |
| Amounts receivable and cash guarantees | 285/8 | €65,483 | €47,696 | -€17,787 | -27.2% |
| Current assets | 29/58 | €6,076,661 | €6,962,020 | +€885,359 | +14.6% |
| Stocks and contracts in progress | 3 | €3,980,628 | €3,656,302 | -€324,326 | -8.1% |
| Stocks | 30/36 | €3,980,628 | €3,656,302 | -€324,326 | -8.1% |
| Goods purchased for resale | 34 | €3,980,628 | €3,656,302 | -€324,326 | -8.1% |
| Amounts receivable within one year | 40/41 | €630,748 | €632,087 | +€1,339 | +0.2% |
| Trade receivables | 40 | €147,793 | €235,770 | +€87,976 | +59.5% |
| Other amounts receivable | 41 | €482,955 | €396,317 | -€86,638 | -17.9% |
| Cash at bank and in hand | 54/58 | €1,377,802 | €2,608,437 | +€1.2m | +89.3% |
| Deferred charges and accrued income | 490/1 | €87,483 | €65,195 | -€22,289 | -25.5% |
| Total equity and liabilities | 10/49 | €9,032,519 | €9,884,827 | +€852,309 | +9.4% |
| Equity | 10/15 | €5,549,565 | €4,164,109 | -€1.4m | -25.0% |
| Contributions | 10/11 | €28,200,000 | €28,200,000 | = | 0.0% |
| Capital | 10 | €28,200,000 | €28,200,000 | = | 0.0% |
| Issued capital | 100 | €28,200,000 | €28,200,000 | = | 0.0% |
| Profit (loss) carried forward | 14 | -€22,650,435 | -€24,035,891 | -€1.4m | -6.1% |
| Amounts payable | 17/49 | €3,482,954 | €5,720,718 | +€2.2m | +64.2% |
| Amounts payable after more than one year | 17 | €54,492 | €3,026,356 | +€3.0m | +5,454% |
| Financial debts | 170/4 | €54,492 | €3,026,356 | +€3.0m | +5,454% |
| Credit institutions | 173 | €54,492 | €26,356 | -€28,136 | -51.6% |
| Other loans | 174 | - | €3,000,000 | +€3.0m | |
| Amounts payable within one year | 42/48 | €3,321,499 | €2,513,648 | -€807,851 | -24.3% |
| Current portion of amounts payable after more than one year | 42 | €27,540 | €28,261 | +€721 | +2.6% |
| Trade debts | 44 | €1,701,152 | €2,202,364 | +€501,212 | +29.5% |
| Suppliers | 440/4 | €1,701,152 | €2,202,364 | +€501,212 | +29.5% |
| Taxes, remuneration and social security | 45 | €328,013 | €282,928 | -€45,085 | -13.7% |
| Taxes | 450/3 | €209,207 | €185,239 | -€23,968 | -11.5% |
| Remuneration and social security | 454/9 | €118,806 | €97,689 | -€21,117 | -17.8% |
| Other amounts payable | 47/48 | €1,264,794 | €95 | -€1.3m | -100.0% |
| Accrued charges and deferred income | 492/3 | €106,964 | €180,714 | +€73,750 | +68.9% |
| Operating income | 70/76A | €9,748,234 | €10,560,777 | +€812,543 | +8.3% |
| Turnover | 70 | €9,713,877 | €10,477,806 | +€763,928 | +7.9% |
| Other operating income | 74 | €34,357 | €82,971 | +€48,615 | +142% |
| Operating charges | 60/66A | €11,900,917 | €11,451,714 | -€449,203 | -3.8% |
| Goods for resale, raw materials and consumables | 60 | €5,149,109 | €5,219,038 | +€69,929 | +1.4% |
| Purchases | 600/8 | €5,266,683 | €4,894,712 | -€371,971 | -7.1% |
| Change in stocks: decrease (increase) | 609 | -€117,574 | €324,326 | +€441,899 | |
| Services and other goods | 61 | €5,237,885 | €4,754,817 | -€483,068 | -9.2% |
| Remuneration, social security and pensions | 62 | €1,029,469 | €967,328 | -€62,141 | -6.0% |
| Depreciation of and write-downs on formation expenses, intangible and tangible fixed assets | 630 | €470,967 | €506,923 | +€35,956 | +7.6% |
| Write-downs on stocks, contracts in progress and trade receivables: additions (reversals) | 631/4 | €1,956 | - | -€1,956 | |
| Other operating charges | 640/8 | €11,531 | €3,608 | -€7,922 | -68.7% |
| Operating profit (loss) | 9901 | -€2,152,683 | -€890,937 | +€1.3m | +58.6% |
| Financial income | 75/76B | €238,969 | €257,452 | +€18,483 | +7.7% |
| Recurring financial income | 75 | €238,969 | €257,452 | +€18,483 | +7.7% |
| Income from current assets | 751 | €1,640 | €202 | -€1,438 | -87.7% |
| Other financial income | 752/9 | €237,329 | €257,250 | +€19,921 | +8.4% |
| Financial charges | 65/66B | €512,864 | €752,896 | +€240,033 | +46.8% |
| Recurring financial charges | 65 | €512,744 | €752,760 | +€240,016 | +46.8% |
| Debt charges | 650 | €17,150 | €233,589 | +€216,439 | +1,262% |
| Other financial charges | 652/9 | €495,594 | €519,171 | +€23,577 | +4.8% |
| Non-recurring financial charges | 66B | €120 | €136 | +€16 | +13.7% |
| Profit (loss) for the period before taxes | 9903 | -€2,426,578 | -€1,386,381 | +€1.0m | +42.9% |
| Income taxes | 67/77 | €46 | -€926 | -€973 | |
| Taxes | 670/3 | €46 | - | -€46 | |
| Tax adjustments and reversals of tax provisions | 77 | - | €926 | +€926 | |
| Profit (loss) for the period | 9904 | -€2,426,624 | -€1,385,455 | +€1.0m | +42.9% |
| Profit (loss) for the period to be appropriated | 9905 | -€2,426,624 | -€1,385,455 | +€1.0m | +42.9% |
Source: filed annual accounts (NBB), financial years ended 31 December 2024 and 31 December 2025. Colour: green is a favourable move for that line, red an unfavourable one. Prepared on 18 October 2026 via checked.be.